*socaltech.com <http://socaltech.com> TechNews - Monday, January 23, 2023* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * Pacific Western Bank, Venture Banking Group (http://www.pacwest.com/lending-solutions/venture-lending) Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - ADARx Pharmaceuticals Takes $46M <#0083156> - Riot Games Delays Releases After Security Breach <#0083153> - Topanga.io Gets Win At Grubhub <#0083152> - Google Chops Employees, Impact In LA Unclear <#0083155> - California: Zero Emissions Vehicles Made Up 19 Percent Of Car Sales In 2022 <#0083154> - PLAI Labs Scores $32M Seed Funding For AI, NFT Games <#0083147> *Marketplace* - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - SHIFT TO A NEW LEVEL OF SUCCESS <#ad795> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Monday, January 23, 2023* *Accelerating Growth For Early Stage Innovation. <http://www.preccelerator.com>* The Preccelerator® Program is an accelerator for early-stage startups offered to select companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides initial capital, sophisticated legal services, interim office space, mentorship, a targeted curriculum, investment strategy counseling and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. www.preccelerator.com *ADARx Pharmaceuticals Takes $46M* <https://www.socaltech.com/fullstory/0083156.html> San Diego-based ADARx Pharmaceuticals has raised $46M in a Series B-1 funding, the company said on Friday. The funding was led by Ascenta Capital, and also included OrbiMed Advisors, SR One Capital Management, Lilly Asia Ventures, and Sirona Capital. As part of the funding, Ascenta Capital's Dr. Lorence Kim has joined the company's board. (More... <https://www.socaltech.com/fullstory/0083156.html>) *Riot Games Delays Releases After Security Breach* <https://www.socaltech.com/fullstory/0083153.html> Santa Monica-based Riot Games says it has delayed its release schedule after a security breach last week. According to Riot Games, systems in its development environment were "compromised via a social engineering attack". The company said that--so far--there is "no indication that player data or personal information was obtained". However, Riot Games said the security breach has affected its ability to release content, and that the breach will impact its upcoming patches across multiple games. (More... <https://www.socaltech.com/fullstory/0083153.html>) *Topanga.io Gets Win At Grubhub* <https://www.socaltech.com/fullstory/0083152.html> Los Angeles-based Topanga.io, a startup developing packaging track-and-trace technology, has scored a win with food ordering and delivery company Grubhub. According to Grubhub, it has partnered with Topanga.io to provide "integrated zero-waste takeout services" on college campuses across the United States, via Topanga.io. Grubhub said meals at college campuses--initially, just The Ohio State University and Colorado State University--will be packaged in reusable containers, using Topanga. ( More... <https://www.socaltech.com/fullstory/0083152.html>) *Google Chops Employees, Impact In LA Unclear* <https://www.socaltech.com/fullstory/0083155.html> Google joined the list of big tech companies laying off staff on Friday, saying that it is eliminating approximately 12,000 people from the company. The company--which has significant operations in Los Angeles--did not say how many people would be impacted in the Los Angeles area. Google blamed "a different economic reality" from the past two years, when the company said it saw "dramatic growth. (More... <https://www.socaltech.com/fullstory/0083155.html>) *California: Zero Emissions Vehicles Made Up 19 Percent Of Car Sales In 2022* <https://www.socaltech.com/fullstory/0083154.html> The *State of California* said that it has determined that 18.8 percent of all new cars sold last year in California were zero emissions vehicles (ZEVs), with 40 perecent of all of those vehicles sold in the U.S. being sold in the state. According to the state, there were 345,818 zero emissions vehicles sold in California in 2022, up 38 percent from 2021, and up 138 percent from 2020.(More... <https://www.socaltech.com/fullstory/0083154.html>) *PLAI Labs Scores $32M Seed Funding For AI, NFT Games* <https://www.socaltech.com/fullstory/0083147.html> Los Angeles-based PLAI Labs, a new startup founded by former MySpace and Jam City founders Chris DeWolfe and Aber Whitcomb, said on Thursday that it has raised $32M in a seed funding round. The round was led by a16z (fromerly Andreessen Horowitz). The company said it is using a combination of artificial intelligence (AI) and crypto to create a new company focused on entertainment, social engagement, and "digital ownership". (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=64241>)( More... <https://www.socaltech.com/fullstory/0083147.html>) *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net *SHIFT TO A NEW LEVEL OF SUCCESS <https://info.kpmg.us/quantumshift.html>* SHIFT TO A NEW LEVEL OF SUCCESS Welcoming America’s most innovative and promising CEOs to the University of Michigan’s campus in Ann Arbor for a four-day (May 1-5, 2023) learning and peer-to-peer networking experience. QuantumShift is led by faculty from the Stephen M. Ross School of Business and aims to help entrepreneurs improve their leadership approach, inspire their people, and maximize their growth opportunities. Interested in joining the class of 2023? Please apply here by January 31st. https://info.kpmg.us/quantumshift.html *IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com>* Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $40 billion in assets and 69 full-service branches primarily located in California, with one in Durham, NC and another in Denver, CO. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their capital and private equity investors. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or reach out to Britt Nelson at [email protected]. ------------------------------ *Recent Funding <#funding>* 1/19/23 PLAI Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103242> Culver City $32.00 M 1/19/23 Oro Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103241> Los Angeles $13.00 M 1/19/23 ContractSafe <https://www.socaltech.com/intelligence/?action=showdeal&id=103240> Malibu $27.50 M 1/17/23 Sensible Weather <https://www.socaltech.com/intelligence/?action=showdeal&id=103239> Santa Monica $0.00 M 1/10/23 CRISPR QC <https://www.socaltech.com/intelligence/?action=showdeal&id=103238> San Diego $1.60 M 1/10/23 Cari Health <https://www.socaltech.com/intelligence/?action=showdeal&id=103237> San Diego $3.20 M 1/09/23 PBS Biotech <https://www.socaltech.com/intelligence/?action=showdeal&id=103236> Camarillo $22.00 M 12/07/22 Drata Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103235> San Marcos $200.00 M 10/21/22 Kudos Technologies <https://www.socaltech.com/intelligence/?action=showdeal&id=103234> Woodland Hills $7.00 M 9/22/22 TheoryCraft Games <https://www.socaltech.com/intelligence/?action=showdeal&id=103233> Los Angeles $50.00 M 9/09/22 Arena Club <https://www.socaltech.com/intelligence/?action=showdeal&id=103232> Los Angeles $9.00 M 9/06/22 Bitwarden <https://www.socaltech.com/intelligence/?action=showdeal&id=103231> Santa Barbara $100.00 M 8/23/22 Chamberlain Coffee <https://www.socaltech.com/intelligence/?action=showdeal&id=103230> Beverly Hills $7.00 M 8/17/22 GrayMatter Robotics <https://www.socaltech.com/intelligence/?action=showdeal&id=103229> Los Angeles $20.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ ------------------------------ ------------------------------ *Sponsored By * Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG Email [email protected] for more information about sponsoring this newsletter. ------------------------------ You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. If you do not want to receive this newsletter go to: http://listserv.socaltech.com/mailman/listinfo/socaltech or email us at [email protected] ------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2017 SOCALTECH LLC. 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